Common use of Failure to Procure Clause in Contracts

Failure to Procure. Should the Franchisee for any reason fail to procure or maintain the insurance required by this Agreement, as revised from time to time for all franchisees by the Manuals or otherwise in writing, the Franchisor shall have the right and authority (without, however, any obligation) to immediately procure such insurance and to charge the same to the Franchisee, which charges, together with a reasonable fee for the Franchisor's expenses in so acting, including all attorneys' fees, shall be payable by the Franchisee immediately upon notice.

Appears in 1 contract

Sources: Franchise Agreement (American Kiosk Corp /Fl)

Failure to Procure. Should the Franchisee for any reason fail to procure or maintain the insurance required by this Agreement, as revised from time to time for all franchisees by the Manuals or otherwise in writing, the Franchisor Company shall have the right and authority (without, however, any obligation) to immediately procure such insurance and to charge the same to the Franchisee, which charges, together with a reasonable fee for the Franchisor's Company’s expenses in so acting, including all but not limited to attorneys' fees, shall be payable by the Franchisee immediately upon notice.

Appears in 1 contract

Sources: Franchise Agreement